(PRWEB) September 10, 2006
Even more people are being put off university because of the rising costs and debts that come with higher education. A poll carried out by the AnswerBank found that over 60 per cent of people are put off university because of the financial commitment.
The findings came from a study of over 1,200 people and shows that Government attempts to ease the financial strain on students are not working.
The introduction of top-up fees this year has probably added to people’s money worries. People starting university this year can expect to pay up to £3000 a year for their degree which is a massive increase on the £1,175 that had to be paid by students last year. This, as well as increased living costs means that student debts will average at around £18,000 after completing university.
NatWest Student Money Matters found that the average salary of graduates has decreased from £14, 090 in 2005 to only £13,860 this year. All of which has contributed to people shying away from higher education.
Although any debts faced by students do not have to be paid back until after degree completion, it is a very daunting prospect to owe thousands of pounds. It is also another burden on parents who will undoubtedly have to fork out more money for sons and daughters in the hope of seeing them have a better career when finishing university.
13 per cent of students said that missing family and friends puts them off going to university. Only 7 per cent of people polled said they were put off going to university because it may not be relevant to their future career.
What puts you off going away to university?
Total number of people surveyed: 1220
Missing family and friends 13.5%
May not be relevant to future career 7.5%
Financial commitment 61%
Unclear of future career direction 18%
Notes to Editors: http://www.theAnswerBank.co.uk is a question and answer focused site which allows users to ask any questions from crossword clues to questions of science. It has half a million users who can freely discuss any issues concerning them or receive sound advice fast.